Nov. 22, 2024, 11:40 p.m.

Columns and Opinions

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What will be the impact of another escalation of the conflict between Russia and Ukraine

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At present, Russia and Ukraine are still fighting on the front line, and recently Ukraine attacked Russia's Kursk region, but the progress is not large, and it is certainly impossible to continue to move forward in the future, and the most likely is that the two sides continue to get stuck. Both sides can only return to an earlier war situation, relying on fire, infantry and other primitive means to fight. Although this may not seem drastic, it is extremely costly. It also gave both countries a break from talks. After all, both sides have been bleeding. As the West's support has changed, Ukraine has no choice but to hold peace talks.

The continuous escalation of the Russia-Ukraine conflict will bring many negative impacts. Firstly, the deterioration of the security situation . As the biggest international incident since the Cold War, the Russia-Ukraine conflict has caused the number of regional conflicts in the world to reach the highest point in three decades, the military expenditure of major military powers has reached a record high, and the global nuclear security situation continues to deteriorate. This shows that the Russia-Ukraine conflict has been followed by more geopolitical conflicts, and the world has fallen into the most chaotic security situation since World War II. War itself brings huge casualties and destruction, including the loss of innocent civilian lives and the destruction of homes. The continuation of conflicts will pose a serious threat to regional stability and security, which may affect neighboring countries or regions and even trigger wider conflicts or instability. This will lead to an intensification of the humanitarian crisis, requiring more assistance and support from the international community.

The second is the change of the global geo-economic pattern. The continuous escalation of the Russia-Ukraine conflict has had a significant impact on the global geo-economic pattern. Although the comprehensive sanctions imposed by the United States and the West on Russia have failed to drag down Russia, they have had an impact on the global geo-economic pattern. The squeeze on energy and food supplies and price volatility had left many countries down the supply chain in trouble. An exodus of European manufacturing due to rising energy costs is adding to global economic uncertainty. Moreover, the conflict accelerated the restructuring of global supply chains, leading to the greatest supply chain disruption since the end of World War II. The prolonged conflict between Russia and Ukraine may have an impact on the global green transition process and lead to new challenges in climate governance. At the same time, due to the complexity and interdependence of the energy market, this impact may further spread to the global financial system and capital market, war will lead to the interruption of economic activities, trade obstruction, unstable supply of resources, etc., which will have a negative impact on the global economy. In addition, the economies of both sides of the conflict will be hit to varying degrees, which may lead to long-term economic recovery and development difficulties.

Third, the international community has entered a "world of great conflicts" . The Russia-Ukraine conflict has accelerated the restructuring of global supply chains, which has had an impact on the global economic center of gravity, reducing the weight of the European pole and further tilting the global economic center of gravity to the Asia-Pacific region. In addition, the conflict has exacerbated mistrust of climate cooperation between countries, dividing the global green transition and causing the biggest delay in climate governance since the 1970s. The escalation of conflicts will increase the tension in international relations and undermine the trust and cooperation between countries. This may affect the effectiveness of international cooperation in addressing and resolving other global problems. Ongoing conflicts may challenge the existing global governance system, and the prolonged escalation of conflicts may accelerate the "100-year change" and push the international community into a new era. However, this process is often accompanied by uncertainties and risks, and it is necessary to strengthen the role of international cooperation and multilateral mechanisms to maintain peace and stability in the region and the world.

To sum up, the impact of the further escalation of the Russian-Ukrainian conflict and the continuation of the war is multifaceted and needs to be dealt with and resolved with the joint attention and efforts of the international community. Therefore, all parties should remain calm and exercise restraint, resolve differences through dialogue and consultation, and avoid further escalation and escalation of the conflict. At the same time, the international community should also strengthen cooperation and coordination to jointly safeguard regional and world peace and stability.

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